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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 02, 2023
Jul. 03, 2022
Jul. 02, 2023
Jul. 03, 2022
Total revenues $ 443,707 $ 435,422 $ 585,897 $ 573,529
Operating expenses (excluding depreciation and amortization shown separately below) 173,669 173,357 282,539 283,076
Selling, general and administrative expenses 90,448 53,498 134,695 92,755
Costs of products sold 34,787 35,710 44,552 45,825
Depreciation and amortization 28,910 27,537 58,024 56,586
Loss (gain) on disposal of assets 2,550 98 4,985 (2,002)
Operating income 113,343 145,222 61,102 97,289
Interest expense, net 43,495 35,978 79,797 73,508
Loss on debt extinguishment 13,982 17,533 13,982 17,533
Other income, net (2,261) (722) (3,093) (1,410)
(Loss) income before income taxes 58,127 92,433 (29,584) 7,658
Income tax (benefit) expense 13,807 24,716 (4,045) 5,603
Net (loss) income 44,320 67,717 (25,539) 2,055
Less: Net income attributable to noncontrolling interests (23,766) (22,325) (23,766) (22,325)
Net loss attributable to Six Flags Entertainment Corporation $ 20,554 $ 45,392 $ (49,305) $ (20,270)
Weighted-average common shares outstanding: Basic (in shares) 83,379 84,992 83,293 85,594
Weighted-average common shares outstanding: Diluted (in shares) 83,796 85,242 83,293 85,594
Earnings per average common share outstanding: Basic (in dollars per share) $ 0.25 $ 0.53 $ (0.59) $ (0.24)
Earnings per average common share outstanding: Diluted (in dollars per share) $ 0.25 $ 0.53 $ (0.59) $ (0.24)
Park admissions        
Total revenues $ 238,963 $ 241,777 $ 315,266 $ 314,764
Park food, merchandise and other        
Total revenues 190,792 183,081 243,578 237,350
Sponsorship, international agreements and accommodations        
Total revenues $ 13,952 $ 10,564 $ 27,053 $ 21,415